We've been assisting the Joint Liquidators in the dissolution of a property company with a number of assets in and around Lewisham. Last October we sold a part-built development site for £4.15M, and in November 2019 our commercial team was instructed to sell this mixed-use freehold property.
Comprising a commercial unit occupied by a firm of solicitors, with three small self-contained 1 bedroom flats above, the building was fully let and generating £45,900pa. Offering both break-up potential and active management angles we undertook a high profile marketing campaign.
As with all income-producing assets currently, the property proved very popular and numerous offers were received. The successful bidder completed the acquisition in January 2020 at a blended NIY of 5.8%.
PROJECT ADDRESS: 345 Lee High Road, Lewisham, London SE12 8RU